0
Broadband

Netflix Q2 customer growth falls short of expectations after price hike

Thursday 18 July 2019 | 08:37 CET | News
Netflix fell short of expectations in its customer growth in the second quarter, both in the US - where customers declined for the first time - and at its international operations. The company forecast a recovery in the third quarter, with net additions of 7.0 million. The share price fell around 11 percent in after-hours trading. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Internet
Companies: Netflix
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Netflix grows content budget to hold off newcomers, market remains confident

Published 13 Aug 2019 12:39 CET | World
Much has been said already about Netflix's disappointing subscriber growth in the second quarter. We take another look, now that ...

Netflix growth slows in Netherlands to less than 1 percent in Q2

Published 26 Jul 2019 11:08 CET | Netherlands
Netflix's subscriber growth is slowing in the Netherlands as well. In the second quarter, the company added just 28,000 new ...

Last week in media: Netflix leads sector down, exceptions include Gannett, AMC Entertainment and NENT Group

Published 22 Jul 2019 07:00 CET | World
Earnings season kicked off in a negative way with Netflix reporting disappointing net additions, although its Scandinavian peer ...

Netflix to launch mobile-only plan in India

Published 18 Jul 2019 08:47 CET | India
Netflix announced that it will launch a lower-priced, mobile-only service plan in India this quarter. The company said in its ...

Netflix Q2: klantgroei beneden verwachting door prijsverhoging en timing van 'originals'

Published 18 Jul 2019 01:18 CET | World
Netflix bleef in het tweede kwartaal met zijn 'net additions' achter bij de managementprognose en bij de marktverwachting. Dat ...

Netflix inks deal with Warner Bros to produce series of Neil Gaiman's Sandman - report

Published 01 Jul 2019 10:00 CET | World
Netflix has signed a contract with Warner Bros to adapt Neil Gaiman's graphic novel Sandman into a live-action TV series, ...

Netflix and video streaming widen lead over subscription TV in customer satisfaction

Published 21 May 2019 15:09 CET | United States
Video streaming expands its lead over subscription TV services in terms of customer satisfaction, rising 1.3 percent to a score ...

Netflix to stream Youku's 'I Hear You' original web series

Published 10 May 2019 11:34 CET | China
Netflix has acquired exclusive distribution rights to stream Youku's original web series "I Hear You" outside of China. Starting ...

Netflix expands programming for kids with acquisition of StoryBots

Published 10 May 2019 10:04 CET | World
Netflix said it has bought StoryBots, a producer of content for children and a media brand created by Gregg and Evan Spiridellis. ...

Netflix rolls out adaptive audio feature to boost sound quality

Published 01 May 2019 16:14 CET | World
Netflix announced the roll-out of a new feature called 'high-quality audio'. The feature is designed to deliver audio that sounds ...

Netflix prices USD 2 billion bond offering

Published 25 Apr 2019 09:01 CET | World
Netflix has priced bond offerings worth a total of USD 2 billion. Of the whole, USD 1.2 billion worth are 3.875 percent senior ...

Disney+ to grow faster than Netflix

Published 19 Apr 2019 12:18 CET | World
Walt Disney has presented its new streaming service, Disney+. With an annual subscription, the service costs USD 5.83 per month. ...

Netflix revenues up 22% in Q1 after record subscriber growth

Published 17 Apr 2019 08:24 CET | World
Netflix reported revenues of USD 4.52 billion for the first quarter, showing a small slowdown in growth to 22.2 percent compared ...

Netflix chief marketing officer steps down

Published 08 Mar 2019 09:06 CET | World
Netflix chief marketing officer Kelly Bennett has announced he will soon be stepping down. Bennett, who joined the company in ...

Netflix success continues on originals, pricing power and distribution

Published 20 Feb 2019 12:34 CET | World
Netlfix is preparing for the future by experimenting with subscription formats and making peace with partners. After five months ...

Netflix to up prices in the US, much of Latin America - report

Published 15 Jan 2019 17:35 CET | United States
Netflix will be lifting its prices in the US by 13-18 percent, the Associated Press reported. Prices will go up with immediate ...

Netflix CFO to step down once successor found

Published 13 Aug 2018 15:19 CET | World
Netflix announced that its CFO David Wells plans to step down after helping the company choose his successor. The search will ...





Calendar   /   Industry Events

20 Aug Africa Peering and Interconnection Forum
21 Aug Ice Group Q2 results
21 Aug Spark FY results
21 Aug Analog Devices fiscal Q3
21 Aug Zayo fiscal Q4
21 Aug Vodafone Iceland Q2 2019
21 Aug FTTH India Congress 2019
22 Aug China Telecom H1 2019
22 Aug VMware fiscal Q2
22 Aug Sunrise Q2 2019
22 Aug Vocus FY results
22 Aug Sky NZ FY results
23 Aug Mobilezone H1 2019
25 Aug VMworld 2019 US
26 Aug Amaysim FY results
26 Aug Chrous FY results
26 Aug Bezeq Q2 2019
27 Aug Partner Communications Q2 2019
27 Aug Ooma Q2 2019
27 Aug ZTE H1 results
27 Aug Hewlett Packard Enterprise fiscal Q3
27 Aug Aviat Networks fiscal Q4
27 Aug Tamedia H1 2019
27 Aug MNF Group FY results
27 Aug Connected Health Summit
::: More Calendar Items